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Novo Nordisk A/S (NYSE:NVO) Trading Up 1.6% - Still a Buy?

Novo Nordisk A/S logo with Medical background

Shares of Novo Nordisk A/S (NYSE:NVO - Get Free Report) shot up 1.6% during trading on Thursday . The company traded as high as $73.65 and last traded at $73.18. 1,639,535 shares were traded during trading, a decline of 76% from the average session volume of 6,845,736 shares. The stock had previously closed at $72.04.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NVO shares. Stifel Nicolaus cut shares of Novo Nordisk A/S from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. BNP Paribas assumed coverage on shares of Novo Nordisk A/S in a report on Tuesday, April 15th. They issued an "underperform" rating for the company. Kepler Capital Markets upgraded shares of Novo Nordisk A/S from a "hold" rating to a "buy" rating in a report on Thursday, March 13th. Guggenheim downgraded shares of Novo Nordisk A/S from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of Novo Nordisk A/S from a "buy" rating to a "hold" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Novo Nordisk A/S currently has a consensus rating of "Hold" and an average target price of $128.00.

Check Out Our Latest Report on NVO

Novo Nordisk A/S Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $335.22 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 0.90 and a beta of 0.66. The stock's 50 day moving average price is $65.87 and its two-hundred day moving average price is $80.54.

Novo Nordisk A/S (NYSE:NVO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. Novo Nordisk A/S had a net margin of 34.81% and a return on equity of 84.68%. The business had revenue of $11.87 billion for the quarter. On average, analysts forecast that Novo Nordisk A/S will post 3.84 EPS for the current year.

Institutional Trading of Novo Nordisk A/S

Several large investors have recently bought and sold shares of NVO. Revolve Wealth Partners LLC grew its position in Novo Nordisk A/S by 8.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,490 shares of the company's stock valued at $214,000 after acquiring an additional 200 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in Novo Nordisk A/S by 3.9% in the fourth quarter. GHP Investment Advisors Inc. now owns 4,738 shares of the company's stock worth $408,000 after purchasing an additional 178 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Novo Nordisk A/S by 8,384.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 143,810 shares of the company's stock worth $12,371,000 after purchasing an additional 142,115 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Novo Nordisk A/S during the fourth quarter valued at $156,000. Finally, Platform Technology Partners boosted its holdings in shares of Novo Nordisk A/S by 38.7% during the fourth quarter. Platform Technology Partners now owns 5,677 shares of the company's stock valued at $488,000 after acquiring an additional 1,584 shares during the period. Institutional investors and hedge funds own 11.54% of the company's stock.

Novo Nordisk A/S Company Profile

(Get Free Report)

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease.

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